October 10, 2024                Contact: Donny Hicks, EDC Executive Director, 704-825-4046

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GTIS Partners LP ("GTIS"), a global real estate investment firm with a focus on residential and industrial/logistics investments, is taking the lead on developing a $27 million, 170,000-square foot warehouse and distribution center site on Cox Road known as Project Nexus. This site is located within a Qualified Opportunity Zone (“QOZ”) in the city of Gastonia. QOZs are undercapitalized areas within the United States that could benefit from targeted economic development and job creation. Project completion is expected by the end of 2026.

Robert McCall, Partner and Head of U.S. Industrial and Brazil Acquisitions for GTIS, said, “We are excited to lead the development in-house at Cox Road in Gaston County, located within an Opportunity Zone in the Charlotte MSA. With excellent access to I-85 less than one mile away, and Charlotte Airport within 14 miles, we expect to attract a diverse user base to the project. We believe the wide range of retail amenities will further benefit users and their employees in this already established location.”

“To have GTIS heading this development, alongside the Economic Development Commission, to find the right tenant for this facility gives me great confidence for future growth in our county,” Chairman of the County Commission, Chad Brown said. He continued, “GTIS’ global experience very much fits with our motto here in Gaston County of ‘Local Strengths, Global Success.’ Gaston County continues to lead the way when it comes to being the place in our region to work, play and stay.”

Richard Franks, City of Gastonia Mayor, stated “We are thrilled for GTIS to invest $27 million in Gastonia. This is a huge win, and we can’t wait to welcome them to the city.”

About GTIS: GTIS Partners is a global real estate investment firm in the Americas, headquartered in New York with offices in São Paulo, San Francisco, Los Angeles, Atlanta, Charlotte, Phoenix, Dallas, Houston and Munich. The firm was started in 2005 and is managed by President and Founder Tom Shapiro and seven partners. The firm manages $4.5 billion in gross assets and is active across a wide range of real estate sectors including single family and multifamily housing, office, industrial/logistics and hospitality as well as opportunity zone investments. The firm invests at various points in the capital structure including credit, common equity and structured equity. In the U.S., GTIS has invested in over 215 assets across 45 unique markets including growth areas such as Miami, Phoenix, Dallas, Houston, Denver, Atlanta, Tampa and Charlotte. In Brazil, GTIS is among the largest real estate private equity firms with holdings including office, residential, logistics, and hospitality investments. Marquee assets developed by GTIS in São Paulo include the Infinity office building and Palácio Tangará, a five-star resort style hotel.

For more information, please visit www.gtispartners.com.

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